Plenty of Theater Awaits

Although the general pace of the price action in stocks this week has been slow, we are closing in on some major events beginning tonight with Apple's earnings. In addition to being in the Dow, AAPL remain the top comment of the QQQ ETF. 

Hence, beyond symbolic meaning, AAPL's earnings reactions could easily carry larger implications tomorrow. 

But, then again, we have the FOMC tomorrow afternoon followed by FB TSLA earnings, among others, which could trump AAPL one way or the other. 

Either way, we have a broad market consolidation still in play in the S&P 500 Index, with small caps and energy stocks lagging while tech (and retail today) outperforms. 

Like other major leaders AMZN GOOG, Apple is rallying into its earnings report. This is a rather bold statements by bulls. But they backed it up with AMZN GOOGL. Let's see if they can do the same tonight. 

More in my recap after the bell.